According to media reports, NVIDIA has surpassed Microsoft to become the world's most valuable publicly traded company.
On June 18, NVIDIA's stock price rose by 3.6%, bringing its market value to $3.34 trillion, surpassing Microsoft's $3.32 trillion. On the same day, Apple's stock price fell by 1.1%, reducing its market value to $3.29 trillion.
With the rise of generative artificial intelligence, NVIDIA's stock price has significantly increased since the end of 2022.
Over the past two years, as Wall Street gradually realized that NVIDIA's technology is the driving force behind the explosive growth of artificial intelligence, and that this explosive growth shows no signs of slowing down, NVIDIA's stock price has soared. Since the beginning of this year, NVIDIA's stock price has risen by more than 170%.
NVIDIA is the new holder of the title "America's Most Valuable Company." In recent years, Apple and Microsoft have been vying for this title.
Earlier this month, NVIDIA's market value surpassed $3 trillion for the first time, exceeding that of Apple.
As companies like OpenAI, Microsoft, Alphabet, Amazon, and Meta scramble to buy processors needed to build AI models and run increasingly large workloads, NVIDIA's business has rapidly expanded.
In the market for AI chips used in data centers, NVIDIA holds approximately 80% of the market share.
In the most recent quarter, NVIDIA's data center business revenue grew by 427% year-over-year, reaching $22.6 billion, accounting for about 86% of its total sales.
As NVIDIA's stock price rises, NVIDIA CEO Jensen Huang's net worth has also increased significantly.
According to Forbes, Huang's net worth has grown to approximately $117 billion, ranking 11th on the global rich list.
